Mar 7, 2011

Daily Headlines: Monday, March 7, 2011

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Insurance Journal Daily Headlines
March 7, 2011
News By Region  National  International  East  Midwest  Southeast  South Central  West Video

Today's Headlines

National

Model Bill Targets Misclassification of Trucking, Courier Workers

State lawmakers who deal with insurance issues have approved a model law for the trucking and courier industries that sets guidelines for ...

Officials See Risks in Consumer At-Home Gene Test Kits

U.S. health officials plan to ask advisers next week about the benefits and risks of direct-to-consumer genetic tests, including whether ...

Newer Web Sites Gaining Online Auto Insurance Market Share

Newer auto insurance and aggregator sites are attracting an increasing share of the online auto insurance market that has been dominated by ...

States Must Decide if Workers' Comp Benefits Extend to Illegal Workers

The U.S. Supreme Court recently declined to hear a workers' compensation insurance case that concerned an illegal immigrant in Louisiana ...

NAIC, EU Regulators Hold Meeting on International Insurance Regulation

 As business becomes more globalized, the financial services industry, including insurance, has recognized the need to keep up with the ...

Young Agents: What Are YOU Thinking? Exclusive Young Agents Survey

Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions ... and have some fun. ...

$430k Love Settlement Shows Tweets Can Be Costly

Courtney Love's settlement of a case sparked by online attacks on a fashion designer show that while Twitter posts may be short, they can ...

REAL ID Drivers License Deadline for States Postponed Until 2013

The federal government has again postponed until 2013 the deadline for all states to be in compliance with the REAL ID program, which sets ...

From MyNewMarkets.com 2011 to Be Key Year in Employment Liability

The year 2010 was an important one for employment-related class action litigation and 2011 could see even more far-reaching judgments and...
East

‘Spider-Man’ on Broadway Slapped with Violations

The production company behind Broadway's troubled "Spider-Man'' musical has been slapped with three violations of workplace safety ...

Feds Eye New York Scaffold Collapse that Ended in Rescue

Federal investigators are looking into why scaffolding collapsed at a high-rise building in a suburb of New York City, leaving two workers ...

Interstate Insurance Management Promotes Four

Pennsylvania-based managing general underwriter Interstate Insurance Management has made several promotions. Larry E. DeFrances has been ...
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Midwest

Midwest Prepares for Massive Spring Flooding

One of the snowiest winters on record for the Midwest and northern U.S. Plains have crop watchers worried about a repeat of the massive ...

Medicus Insurance Lowers Liability Rates 20% in Missouri

Medical professional liability insurance provider, Medicus Insurance Co., announced it has lowered its base rates an average of 20 ...

Marsh Appoints Kern to Lead Kansas City Office

Insurance broker and risk advisor, Marsh, has appointed Mike Kern as its new Kansas City, Mo., office head. Kern brings to Marsh more than ...
Southeast

Georgia House Backs ‘Oxendine Bill’ to Ban Self-Licensing by Officials

The Georgia House has unanimously approved legislation to prohibit state insurance commissioners from granting themselves insurance ...
South Central

Bill Banning Texting While Driving Advances in Oklahoma

Under legislation approved by a House committee, beginner drivers could face hefty fines and possibly lose their driving privileges if ...

Specialty Insurance Managers Launches Energy Division, Program

Austin, Texas-based Specialty Insurance Managers Inc. announced it has created a new Energy Division and hired Randy Bila as lead ...
West

Washington Senate Passes Workers Compensation Change Opposed by Labor

The Washington state Senate approved a measure Saturday that would drastically change the state's workers compensation system by ...

California Earthquake Authority Targets $5 Million to Help Agents Sell Insurance

New Zealand's 6.3 magnitude Christchurch earthquake is expected to be one of the costliest global insurance events since 2008, with total ...

Federal Agency Calls for Pipeline Safety Reforms

The nation needs new solutions to improve the safety of natural gas pipelines coursing beneath neighborhoods, federal investigators said ...

Direct-Link Acquires Mother Lode Insurance

Direct-Link Holding Group LLC has acquired Mother Lode Insurance Services LLC of Cameron Park, Calif. The transaction marks the 40th ...

PCI Opposes Legislation to Ban Use of Insurance Scores in Nevada

Proposed legislation to prohibit insurers from considering a consumer's credit history would take away discounted rates for the majority ...
International

ING to Repay 70% of Dutch State Aid by May 2011

Dutch bancassurer ING outlined plans for the expected early repayment of state aid it received during the credit crunch, further evidence ...

UN’s FAO Notes Climate Change, Biofuels Threaten Food Security

Climate change bringing floods and drought, growing biofuel demand and national policies to protect domestic markets could boost global ...

Insurance Council of Australia Supports National Disaster Insurance Review

In a recent bulletin the Insurance Council of Australia (ICA) said it "has welcomed the National Disaster Insurance Review announced by the ...

Taiwan Regulator to Rule on AIG Taiwan Unit Sale By End of First Half

Taiwan's financial regulator said it will make a decision on American International Group Inc's sale of local unit Nan Shan Life Insurance ...

Zurich Promotes Huerlimann to CEO-Global Corporate

Zurich Financial Services Group announced that Thomas Huerlimann (47, Swiss citizen), currently CEO Global Corporate in Europe, has been ...

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Will Deficit Debate Affect Flood Insurance? Taxes?

Following the November elections, Congress and the White House, as well as states, have...
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How November Elections Changed Insurance Power in Washington

The November elections brought change to Washington as Republicans took control of the House...

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New Discussions in the Forums

Less than two weeks left!
Posted: Mon Mar 7 -- Got my grade today on CPCU 500. I was not aware that you do not get an exact score but a range. I scored between 80 and 89, so I got a B. To... bjwestner
The Thinking of Selling Insurance all over many states
Posted: Sun Mar 6 -- I think that purchasing across state lines may beef up competition. HOWEVER, my real confusion over this entire idea is how insurance... rob86
Becoming a Commercial Producer Questions
Posted: Fri Mar 4 -- I would recommend the National Alliance Dynamics of Selling program, which is put on by the same people who do CIC. CIC gives you specific... Kirk

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